Stride Academy Building Company

Analysis

Stride Academy Building Company is a registered charity in United States, based in Saint Cloud, MN. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Stride Academy Building Company reported income of $1.3m and spending of $1.3m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $903k to $1.3m (+47%), an average of +10% a year. The sharpest change came in the year to June 2020, when income rose by 34%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Stride Academy Building Company sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MN. Charities of a similar size with the same main cause include Maloney Foundation Inc ($1.3m), Textron Aviation Employees Uplift Fund Inc ($1.3m) and College of Western Idaho Foundation Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $15.0m against liabilities of $16.6m, net assets of -$1.6m.